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Ukraine remains the leading sunflower meal exporter in 2022/23 despite a forecast 11% drop in exports. Shipments from September to December 2022 reached 1,454 K mt, up 0.5% year on year, with the grain corridor enabling sales to China and the EU.
Exports to the EU are expected to slow in early 2023 as Ukraine ships high volumes of sunseed and Bulgaria and Romania increase crushing.
Ukraine's sunmeal export flows set EU and Chinese feed meal supply, and slower EU shipments could firm regional meal prices. The shift toward China and reliance on the Black Sea corridor make logistics a continuing risk.
ukragroconsult.comSvitlana KupreevaFeb 3, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Forecast of slower Ukrainian sunflower meal exports to the EU in early 2023, as more sunseed is shipped and Bulgaria and Romania expand crushing, points to weaker export demand and a bearish trade-flow signal for sunflower meal prices, though it is too modest to explain a 16% one-day drop alone.
